21–30 of 157 posts
$3 billion in subsidies for 3,000 jobs. http://www.jsonline.com/story/news/2017/07/26/scott-walker-h...
$1,000,000 per job seems like a staggering subsidy.
This whole late stage capitalism transition is going to be painful.
Earlier quoted context omitted.
Walmart and Amazon pay well above the minimum wage. It might be because they are so altruistic but I suspect they can't find labor worth keeping at that price. I imagine the same will be true for foxconn.
"Well above" isn't super meaningful. I believe Wal-mart's minimum pay is 9/hr and most employees are closer to 12-13. That's not going to be a livable wage in many areas. Add in that half of those are part time and not getting employee supplemented health insurance and it gets less livable.
Earlier quoted context omitted.
$1,000,000 per job seems like a staggering subsidy.
Seems like it'd be cheaper to just give it away as UBI, no? Especially considering a million dollars for a transient job versus paying someone a million dollars over their lifetime. This whole late stage capitalism transition is going to be painful.
What does this even mean? Sounds like an activist buzzword. What evidence do we have that there are even "stages" to capitalism much less that we are in a later stage?
Earlier quoted context omitted.
What do u expect? It is Foxconn, it needs bloody labor not Google engineers.
Walmart and Amazon pay well above the minimum wage. It might be because they are so altruistic but I suspect they can't find labor worth keeping at that price. I imagine the same will be true for foxconn.
Earlier quoted context omitted.
Seems like it'd be cheaper to just give it away as UBI, no? Especially considering a million dollars for a transient job versus paying someone a million dollars over their lifetime. This whole late stage capitalism transition is going to be painful.
> "late stage capitalism" What does this even mean? Sounds like an activist buzzword. What evidence do we have that there are even "stages" to capitalism much less that we are in a later stage?
Capitalism is showing its flaws if we're paying a million dollars per job just to bring the job to our soil, although I suppose it's better then just keeping Foxconn products (or products that integrate their components) out at ports (or tariff them, like Russia with phones without a GLONASS chipset).
Are the majority of these 13,000 jobs likely to be minimum wage?
from article
Earlier quoted context omitted.
I heard on the news that 10,000 construction jobs would be created, so perhaps both are right - 10,000 temporary construction jobs, and 3,000 permanent/plant jobs.
Counting temporary construction jobs as permanent seems a little misleading.
Though you are right, this looks like an exceptionally misleading deal from the point of view of the taxpayer. When I think of Foxconn workers I dont think of the kinds of jobs I think we would want to heavily invest in, but I hope I am wrong.
Earlier quoted context omitted.
$1,000,000 per job seems like a staggering subsidy.
Seems like it'd be cheaper to just give it away as UBI, no? Especially considering a million dollars for a transient job versus paying someone a million dollars over their lifetime. This whole late stage capitalism transition is going to be painful.
The phrase "late stage capitalism" is one I've seen crop up only in the last year or so, and mostly in the context of the subreddit of the same name.
Can you recommend some reading outside of that subreddit? I find the subreddit's content narrowminded to the point that I thought it was satire at first, but I'm open to the topic in general. Especially interested in what makes these (supposedly undesirable) aspects of capitalism "late stage" rather than just "fully realized". What I mean by that is much of what people complain about under the title "late stage capitalism" is just "regular capitalism less mired by things that aren't capitalism".
edit: also unhelpful is that the wiki describes it as a marxist idea representing an era from the 40s onward, while it's typically discussed in terms of changes that have occurred relative to times like the late 60s/reagan-era/post-ww2 era that are themselves technically "late stage capitalism"
$3 billion in subsidies for 3,000 jobs. http://www.jsonline.com/story/news/2017/07/26/scott-walker-h...
Earlier quoted context omitted.
Seems like it'd be cheaper to just give it away as UBI, no? Especially considering a million dollars for a transient job versus paying someone a million dollars over their lifetime. This whole late stage capitalism transition is going to be painful.
> "late stage capitalism" What does this even mean? Sounds like an activist buzzword. What evidence do we have that there are even "stages" to capitalism much less that we are in a later stage?